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Calculate the present values of each of 15 annual cash flows with the first payment of $11,000 today, and each subsequent payment 8% greater than
Calculate the present values of each of 15 annual cash flows with the first payment of $11,000 today, and each subsequent payment 8% greater than the previous payment. Assume an effective annual discount rate of 14%.
A) $97,331.82
B) $105,118.37
C) $116,118.37
D) None of the above
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Advanced Bond Portfolio Management
Authors: Frank J. Fabozzi, Lionel Martellini, Philippe Priaulet
1st Edition
0471678902, 9780471678908
